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Anadolu Endüstri to sell Alternatifbank stake to Qatari bank

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Anadolu Endüstri to sell Alternatifbank stake to Qatari bank

Anadolu EndüstriHolding AS will sell its 25% stake in to Qatar-basedCommercial Bank (QSC)for at least $222.5 million, Reuters reported July 18, citing a statement byYazicilar Holding ASto the Turkish stock exchange.

The transaction is anticipated to complete in 2016, the newswirenoted.